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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (26254)	1/15/1999 8:21:00 AM
From: The Street	Read Replies (2) \| Respond to of 116764

<<There is no legal impediment to the government confiscating it and reimbursing you in greenbacks.<< Didn't FDR do just that?

To: Hawkmoon who wrote (26254)	1/15/1999 10:15:00 AM
From: Fred Ragan	Respond to of 116764

Ron , Thanks for your reply. I'd like to register a contrarian view. The populous of today is far more sophisticated than in the past. Much of their reason for holding gold is their mistrust of the government and its money. They would drop it down a well before they would surrender it. Just my opinion.

To: Hawkmoon who wrote (26254)	1/15/1999 11:31:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116764

au contraire...gold is NOT "hard to hide!" I suggest U/others just lack practice and/or imagination. And "it" IS a currency. Many people in the world use gold as currency as a normal course of business. It is what is called a HARD CURRENCY. If wasn't a currency, why is there such a worry about its confiscation. NO one is worrying about soybean confiscation last time I looked. Nor hog confiscation. How about copper confiscation? Got a hoard of pre 1972 Lincoln coppers? Just because Alan Greenbritches prints copious coppies of green pix of dead presidents doesn't make that printing process money...that is FIAT money, or Fake Money, or Paper money, or paper currency. It has no intrinsic value. Gold does. Only foolish people in America call electronic debits and green pix of dead presidents, MONEY. Why is it that central banks store such copious amounts of it, if it isn't money? If "it" was just a commodity as you suggest, it could be stacked in an, oh, say, a gold elevator? You know, we have grain elevators for corn, beans and wheat, et al. Maybe the gold to which you refer should be delivered in gold trucks at harvest time, and dumped into gold elevators to be augered up to the head house and distributed amongst the yawning empty silos... Or how about taking the gold bars and fattening them up for, oh, how about 120 days, and then auctioning them off at a gold feedlot. I wouldn't mind that...mooing goldbars in the back forty. People are so silly about what real money is. Tickles me no end. Give me a gold nugget to bite anyole day. If you bite a tenspot, you better get a tetnus shot! O/49r PS did you follow up on that comm out information I emailed?